GITNUX MARKETDATA REPORT 2024

Statistics About The Most Expensive Houses In Los Angeles

With sources from: cbsnews.com, cnbc.com, vanityfair.com, cnn.com and many more

Statistic 1

The most expensive house listed in Los Angeles in 2020 was "The One" in Bel Air, priced at $500 million.

Statistic 2

Palazzo di Amore was one of the most expensive homes for sale in 2014, valued at $195 million.

Statistic 3

The renowned Manor in Holmby Hills was sold for $120 million in 2019, making it one of the most expensive home sales in LA history.

Statistic 4

Casa Encantada, a Bel-Air house built in 1938, is currently listed for $225 million, among the most expensive in LA.

Statistic 5

The average price of a luxury home in Los Angeles was about $3.5 million in 2020.

Statistic 6

The Beverly House, once owned by William Randolph Hearst, was listed for $125 million in 2019.

Statistic 7

In 2020, Amazon CEO Jeff Bezos purchased a Beverly Hills estate worth $165 million, the most expensive home purchase in LA history.

Statistic 8

Los Angeles luxury real estate sales over $10 million have increased by 8.3% year over year in 2021.

Statistic 9

Billionaire Ken Griffin purchased a Beverly Hills estate known as Owlwood for $88 million in 2020.

Statistic 10

The Chartwell Estate in Bel Air sold for $150 million in 2019, making it one of the most expensive homes ever sold in the US.

Statistic 11

The Playboy Mansion, one of Los Angeles' most famous homes, sold for $100 million in 2016.

Statistic 12

"Spelling Manor", one of the largest homes in Los Angeles, sold in 2019 for about $119.75 million.

Statistic 13

The Harry Warner Estate, purchased by Bezos for $165 million, was originally built in 1937 for the founder of Warner Bros.

Statistic 14

In the first quarter of 2020, seven homes sold for over $20 million in Los Angeles.

Statistic 15

The 1982-built Beverly House once owned by William Randolph Hearst was relisted for sale at $119 million in 2019.

Statistic 16

The Beverly Hills mansion that appeared in "The Godfather" was listed in 2021 for $89.75 million, after a $105 million price cut.

Statistic 17

In 2014, a Holmby Hills mansion nicknamed "The Manor" was listed for sale for $200 million but was later sold in 2019 for $119.75 million.

Statistic 18

In 2020, David Geffen, a billionaire media mogul, sold his Beverly Hills estate for $68 million.

Statistic 19

The 10 most expensive Los Angeles home sales in 2020 averaged a selling price of around $70.89 million.

Statistic 20

In 2021, the top five most expensive home sales in Los Angeles all sold for over $70m.

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In this post, we explore the staggering world of luxury real estate in Los Angeles, where opulent mansions command jaw-dropping prices. From iconic properties once owned by media moguls and Hollywood legends to record-breaking sales by tech titans, the LA housing market showcases wealth at its most extravagant. Join us as we unravel the statistics behind the most expensive homes that have graced the City of Angels in recent years.

Statistic 1

"The most expensive house listed in Los Angeles in 2020 was "The One" in Bel Air, priced at $500 million."

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Statistic 2

"Palazzo di Amore was one of the most expensive homes for sale in 2014, valued at $195 million."

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Statistic 3

"The renowned Manor in Holmby Hills was sold for $120 million in 2019, making it one of the most expensive home sales in LA history."

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Statistic 4

"Casa Encantada, a Bel-Air house built in 1938, is currently listed for $225 million, among the most expensive in LA."

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Statistic 5

"The average price of a luxury home in Los Angeles was about $3.5 million in 2020."

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Statistic 6

"The Beverly House, once owned by William Randolph Hearst, was listed for $125 million in 2019."

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Statistic 7

"In 2020, Amazon CEO Jeff Bezos purchased a Beverly Hills estate worth $165 million, the most expensive home purchase in LA history."

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Statistic 8

"Los Angeles luxury real estate sales over $10 million have increased by 8.3% year over year in 2021."

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Statistic 9

"Billionaire Ken Griffin purchased a Beverly Hills estate known as Owlwood for $88 million in 2020."

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Statistic 10

"The Chartwell Estate in Bel Air sold for $150 million in 2019, making it one of the most expensive homes ever sold in the US."

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Statistic 11

"The Playboy Mansion, one of Los Angeles' most famous homes, sold for $100 million in 2016."

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Statistic 12

""Spelling Manor", one of the largest homes in Los Angeles, sold in 2019 for about $119.75 million."

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Statistic 13

"The Harry Warner Estate, purchased by Bezos for $165 million, was originally built in 1937 for the founder of Warner Bros."

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Statistic 14

"In the first quarter of 2020, seven homes sold for over $20 million in Los Angeles."

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Statistic 15

"The 1982-built Beverly House once owned by William Randolph Hearst was relisted for sale at $119 million in 2019."

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Statistic 16

"The Beverly Hills mansion that appeared in "The Godfather" was listed in 2021 for $89.75 million, after a $105 million price cut."

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Statistic 17

"In 2014, a Holmby Hills mansion nicknamed "The Manor" was listed for sale for $200 million but was later sold in 2019 for $119.75 million."

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Statistic 18

"In 2020, David Geffen, a billionaire media mogul, sold his Beverly Hills estate for $68 million."

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Statistic 19

"The 10 most expensive Los Angeles home sales in 2020 averaged a selling price of around $70.89 million."

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Statistic 20

"In 2021, the top five most expensive home sales in Los Angeles all sold for over $70m."

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Interpretation

In conclusion, the luxury real estate market in Los Angeles has seen a significant increase in high-priced property listings and sales in recent years, with multi-million dollar transactions becoming more common. Notable properties such as "The One" in Bel Air and the Beverly Hills estates of prominent figures like Jeff Bezos and William Randolph Hearst have set record-breaking prices and contributed to the city's reputation for opulent home sales. The average price tag for luxury homes remains substantially high, reflecting the exclusivity and allure of owning a prestigious property in Los Angeles.

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